The asset class within tangible assets in the immovable category is none other than real estate. This greatly varies from one location to the next. We face two main problems with real estate because we are facing a major Sovereign Debt Crisis. First is the fact we have a problem with leverage reflected within interest rates. While many tout…
The Athens Stock Exchange reopened on Monday and unsurprisingly, some folks were selling. Trading was suspended five weeks ago after PM Alexis Tsipras’ dramatic midnight referendum call precipitated capital controls and a lengthy bank “holiday.” Shares opened lower by nearly 23% and the country’s banks traded limit-down, which makes sense because they are, after all, largely…
Back-to-back thriving quarters and prospects of a favorable economy place U.S. banks near the trajectory of consistent growth. Albeit an impressive post-crisis journey, the industry’s success trail hasn’t been consistent, with new challenges often dragging on its players’ performances. Along with the ramifications of past wrongdoings, a host of new issues — cybercrime, regulatory compliance…
A strong and persistent trend is taking place in commodities, a July 31 report from Capital Economics notes, and nothing is likely to change the “current malaise,” and this includes what is expected to be strong economic data released this Friday in the U.S. unemployment report. As Capital Economics sees further job losses in both the…
Another high end fashion label will deliver its quarterly results this week, with Coach (COHCoach (reporting its FQ4 ’15 numbers before the opening bell tomorrow morning. Investors in Coach are hoping management can deliver a result that can spur market bulls into action and reverse the downwards stock price trend. Estimize predicts an EPS of $0.28, one…
Over the weekend Puerto Rico was supposed to make a modest principal and interest payment of some $58 million due on Public Finance Corp. bonds, which however few expected would be satisfied. As a reminder on Friday, Victor Suarez, the chief of staff for Governor Alejandro Garcia Padilla, said during a press conference in San Juan that…
Gold elected the Monthly Bearish at 1155 and we did so well below that level, holding the 1084 number both weekly and monthly. Our energy models are turning positive, so it does not appear that we will have major follow-through at this time. When you elect a Bearish Reversal that far from the number, you…
I gave my thoughts to Patrick Sanders, writing for US News and World Reports, on stocks that stand to benefit from the latest Star Wars movie installment. Here is an excerpt: The Walt Disney Co. (ticker: DIS). For its $4 billion investment to buy Lucasfilms. Disney is unquestionably the company with the biggest stake in the new Star…
The Greek stock market very likely represents an emerging opportunity, as many stocks are sporting extremely low valuations these days. However, when we last discussed the Greek market, we pointed out that there was probably no hurry and more importantly, that using ETFs to play the Greek market would pose a difficulty at the current juncture….
Since it seems to be the time to start writing more about the miners after years on the out cycle, with only the eternally bullish pompom squad micro managing the sector… From Mining Weekly: SocGen says miners’ output costs have dropped more than expected Miners’ output costs have dropped more than industry consensus due to lower…
